Buyers how hold a solid position, since the previous two outside candles over the past 30 years were essentially sellers biting into granite (the protected support). The solidity of an outside candle which show in itself the fact that 'eurobonds' are a game changer and troubled sellers cannot open the lows.
Eurobonds Positional Play
The breakdown:
The move would have been premature on account of the MT and LT charts in euro and in dollar:
In order to liberate the euro, we must see Biden get the official β which will leave the dollar unprotected from devaluation. Note how the same 1.135x which was the birth of the single currency was also our loading zone for the debt mutualisation. The fact that it is back to square one was not really considered by anybody. But the next targets in the yearly crosshairs come in at 1.400x and 1.600x.
Thanks as usual for keeping the feedback coming π or π
Hey, great job! Here's my bullish view on EURUSD too.
VulcanoRosso
β
agree on strong rebound but firstly ; we may see some temporary suprising action on DXY in 2021. EURUSD pair can fall to ~1.00 or even ~0.90 very fast if market crashes.
then rebound.
i expect ~1.40 by 2025 and , 1.95-2.05 range by 2030.good luck.